Weekly Blogs

Silver breakouts inverse H&S for target $27

Weekly Blog

Silver has given Neckline breakout level at $24 of the Inverse Head and Shoulder pattern formed on daily charts. The target for this Inv H&S pattern would be $27 (~ Rs 82000), which means a 12% upside is forecasted in Silver from current levels in next few weeks.
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Bullion gets boost from peak Interest Rate

Weekly Blog

Gold and Silver showed a stellar performance this week by rising 2% and 6.5% respectively. Gold and Silver prices are close to their resistance level of $2000 and $24 respectively again as lower-than-expected U.S. inflation figures have bolstered expectations of a definite FED pause.

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Gold heading towards all-time high prices

Weekly Blog

Gold prices have regained momentum and are heading towards all-time high levels in India. Prices have closed above $2000 (~ Rs 61000) this week, the next resistance is $2045 (~ Rs 62300) and $2080 (~ Rs 63500), with recent downside support of $1965 (~ Rs 60000).

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Gold crosses $2000 in overstretched rally

Weekly Blog

After posting its largest one-week gain since March, Gold has continued to rise for a second consecutive week and reached its highest level in three months above $2000, fuelled by safe-haven demand. The rally seems overstretched, so those holding long positions are advisable to book profits because we might see some consolidation to profit-booking now before the rally towards a new record high.

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Bullion shows a stellar performance

Weekly Blog

Gold and Silver prices rocketed 4% and 5% respectively, on a weekly basis and showed a stellar performance as escalating geopolitical tensions improved safe-heaven demand. As suggested last week, Rs 58500 target for Gold and Rs 70000 target for Silver were achieved. This rally is expected to continue towards $1965 (Rs 60000) for gold and $24 (Rs 73500) for Silver going forward.

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Gold looks ready for a bounce

Weekly Blog

Gold prices have dropped more than 11% since their May highs above Rs 61800/ 10 gramme, as the Federal Reserve’s hawkish outlook has driven long-term bond yields to their highest level in 16 years. However, strong retail and central bank demand, oversold conditions, and geopolitical tensions will likely support prices to bounce this week.

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Gold touches all-time high in China and Japan

Weekly Blog

Last week, both the FOMC and the Bank of England held interest rates steady. Despite a slew of current headwinds, gold has held up well in all currencies (and record highs in China and Japan), with traders and investors looking for a hedge should the Fed fail to offer a soft landing in the coming months.

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Gold retreats on a soft landing possibility

Weekly Blog

After posting gains for the previous two weeks, the price of gold slightly fell last week. Investors began to reevaluate the possibility of a soft landing and the expectation that the Federal Reserve would raise its policy rate one more time before the end of the year as macroeconomic data releases from the US indicated a relatively healthy economic activity.

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